Stock trading app Robinhood has canceled its planned launch in the UK and put a hold on global expansion plans;...
Many were looking forward to Robinhood launching into the UK market as they would compete with companies like Freetrade and...
Robinhood has been one of the hottest startups in fintech but the firm has run into a number of issues...
Robinhood has become one of the hottest fintech companies on the planet which has helped them to amass a valuation...
On Tuesday, Robinhood, a major US commission-free stock trading and investing app, announced that it reached an agreement to acquire London-based fintech app Ziglu.
Robinhood, a major US commission-free stock trading and investing app, announced that the company is building a non-custodial wallet that will allow its customers to have total control of their crypto in Web3.
Robinhood announced plans to release a companion app to allow for users to store personal holdings of cryptocurrency and NFTs.
UK robo advisor Scalable has doubled its assets under management in the last three months to EUR 200 million ($213 million); this includes approximately 5,000 client portfolios with an average value of EUR 40,000 ($42,659); the firm says it continues to grow steadily adding EUR 1 million ($1.07 million) in assets under management per day; Scalable launched in the UK in the summer of 2016; it has since expanded to Germany and Austria and has reported significant growth from a partnership with Siemens Private Finance for employee investment plans. Source
Scalable Capital has announced a partnership with Siemens Private Finance; Scalable Capital will offer wealth management options with daily rebalancing to individual risk profiles for Siemens employees in Germany; this adds to the services already offered by Siemens Private Finance which currently include insurance, pensions and mortgage lending. Source
Robo-advisors are far less prevalent in Europe compared to the US; however this is a growing market particularly in the UK and Germany; the UK market is larger, but Germany is growing at a faster rate; total assets under management stand at $3.5 billion at the end of 2017 according to TechFluence; it is estimated that there are around 98-126 robo-advisor services in Europe; article shares the biggest robo-advisors in Europe and the major differences between markets. Source